Mountain Protocol, the issuer of yield-based stablecoins, completes $8 million Series A financing, led by Multicoin Capital

Odaily News Mountain Protocol, the issuer of yield-based stablecoins, announced the completion of an $8 million Series A financing round, led by Multicoin Capital, with participation from Castle Island Ventures, Coinbase Ventures and other investors. Mountain Protocol is the issuer of USDM, a yield-based stablecoin "fully backed by U.S. Treasuries." (Theblock)